KBR Buys Carillion’s Stake in Aspire Defence JV

KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January.

KBR said Thursday that it closed the acquisition of Carillion’s interest in their Aspire Defence joint venture without causing disruption to operations and delivery of services.

Aspire Defence JV supports the U.K. defense ministry’s Project Allenby Connaught through construction, design and maintenance services in support of the British army’s working and living accommodations.

Stuart Bradie, KBR president and CEO, said the company will continue to provide maintenance and construction support for the project’s army basing program as well as deliver base support services across Aldershot and Salisbury Plain garrisons.

Check Also

Adriane Brown

Axon Names Former Intellectual Ventures President Adriane Brown as Board Member

Adriane Brown, former president of Intellectual Ventures and a venture partner at Flying Fish Partners, has joined the board of directors of law enforcement technology provider Axon (Nasdaq: AAXN).

Nand Mulchandani

Nand Mulchandani Named Acting JAIC Director; Lt. Gen. Jack Shanahan Quoted

Nand Mulchandani, chief technology officer at the Department of Defense’s Joint Artificial Intelligence Center, has been appointed director of JAIC on an interim basis.